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Binance provides crypto accessibility with mobile money in Africa: Here’s what we know
Savvy crypto enthusiasts now have the exhilarating ability to buy and sell digital assets at the mere touch of a button, all from the palm of their hands through mobile money.
Users may now easily buy and sell cryptocurrencies straight from their mobile money accounts with the recently introduced One Click Buy and Sell (OCBS) capability.
Provider of blockchain and cryptocurrency infrastructure globally, Binance, has made significant strides in expanding its services within the African continent.
The platform has officially introduced the ability for users in Ghana, Tanzania, Uganda, and Zambia to engage in the buying and selling of cryptocurrency through mobile money.
Savvy crypto enthusiasts now have the exhilarating ability to buy and sell digital assets at the mere touch of a button, all from the palm of their hands through mobile money. What was once a cumbersome process has morphed into a seamless experience, like slipping into a well-fitted suit before a grand soirée.
The newly launched One Click Buy and Sell (OCBS) feature enables users to seamlessly purchase and liquidate cryptocurrency directly from their mobile money accounts. This innovation is part of Binance’s broader initiative to enhance fiat on-ramp and off-ramp options, developed in collaboration with Transfi. It is important for users to ensure that they are operating with the latest version of the Binance application to make the most of these enhancements.
Binance stated on its website that it is committed to providing a secure trading environment and, as such, implements rigorous Know Your Customer (KYC) protocols paired with stringent security measures. These practices not only safeguard users’ digital assets and personal information but also ensure compliance with relevant regulatory mandates.
“This expansion is a crucial step in our ongoing mission to democratize access to cryptocurrency and financial services. We believe that by integrating mobile money into our platform, we can support financial inclusion and allow more people to participate in the digital economy,” the tech company said.
